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Cyprus sets new tourist arrivals record in 2019

Cyprus welcomed a record 3.97 million tourists last year, smashing the previous record set in 2018 by a slender 1%, official figures show. Against the odds, Cyprus has recovered from airline closures and the collapse of UK tour giant Thomas Cook and increased competition from traditional competitors Egypt, Tunisia and Turkey. In 2019 arrivals of

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Cyprus raises €1.75 bln to pay off debts

Cyprus has paid off early an International Monetary Fund loan that was part of a €10 bln rescue package in 2013 from lenders to save the island’s banking system, with analysts praising the government for a fiscally sound bond issue.

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Cyprus prepares double bond issue

Cyprus has mandated investment banks to manage a double bond issue comprising a 10-year and 20-year euro-denominated bonds, the Ministry of Finance

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VAR is not football as we know it

For a country that doesn’t even employ goal-line technology, the Cyprus FA is taking a leap of faith in its determination to

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Athens denounces Turkey’s planned drilling off Cyprus

The Greek Foreign Ministry strongly condemns Turkey’s planned drilling within Cyprus’ Exclusive Economic Zone (EEZ) and continental shelf, saying Ankara’s illegal actions neither have legal effect nor create fait accompli. In a statement, the Greek Foreign Ministry said that Turkey’s planned drills

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